Author: FX_Trdr

In trading on Wednesday, real estate shares were relative leaders, up on the day by about 2.2%. Leading the group were shares of Zillow (Z), up about 9% and shares of Ellington Financial (EFC) up about 3.6% on the day.

Trulia (TRLA) announced that it lost $1.6 million, or 6 cents per share, in the most recent fiscal quarter, versus a loss of $2.1 million, or 30 cents per share in the same period last year. Excluding stock based compensation, the company lost 3 cents per shares.

Uncompromising and politically emboldened, President Barack Obama urged a deeply divided Congress Tuesday night to embrace his plans to use government money to create jobs and strengthen the nation’s middle class.

Semtech (SMTC) had its numbers increased by Lazard Capital (LAZ) as the company should benefit from the design will pipeline. A buy rating was issued with a price target of $39.

Agilent (A) had its estimates and price target increased by UBS (UBS) as the firm believes the company can continue to gain market share during the next few quarters. A $51 price target was issued.

In trading on Tuesday, general contractors & builders shares were relative leaders, up on the day by about 2.3%. Leading the group were shares of Hovnanian Enterprises (HOV), up about 5.2% and shares of KB Home (KBH) up about 3.5% on the day.

Coca-Cola announced that it earned $1.87 billion, or 41 cents per share, during the fourth quarter, up from $1.66 billion, or 36 cents per share, in the same period last year. Excluding one time items, earnings were 45 cents per share, beating analyst estimates by 1 cent.

IOC leaders dropped wrestling from the Olympic program on Tuesday, a surprise decision that removes one of the oldest Olympic sports from the 2020 Games.

Joint Chiefs are telling Congress reductions in military strength could begin as soon as sequestration starts on March 1.

European finance ministers holding talks ahead of the upcoming G20 meeting in Moscow rejected a call by France to intervene to tackle the strong euro. It came as the G7 tried to cool international tension over exchange rates and the weakening Japanese yen. Joanna Partridge reports